On Tue, 01 Mar 2011 08:28:08 -0500, Harryk
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.

On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street banks,
brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a CPA
firm "quit" a client over accounting disputes. That means that the CPA
firms are in fear of losing their clients, not that they are doing the
tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with its
big accounting firm. After three months of arguing, the accountants said
they would have to put a fairly derogatory note in the annual statement.
There was a lot of pressure on both sides. The CPAs ended up by
resigning the account. The "new" CPAs were far more compliant.

On 3/1/2011 9:41 AM, Harryk wrote:
On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our
economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street
banks, brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a
CPA firm "quit" a client over accounting disputes. That means that the
CPA firms are in fear of losing their clients, not that they are doing
the tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with
its big accounting firm. After three months of arguing, the
accountants said they would have to put a fairly derogatory note in
the annual statement. There was a lot of pressure on both sides. The
CPAs ended up by resigning the account. The "new" CPAs were far more
compliant.

I'm sure any client who would use your services would also need a very
compliant CPA firm.

In article , says...

On 3/1/2011 9:41 AM, Harryk wrote:
On 3/1/11 9:04 AM, Wayne.B wrote:
On Tue, 01 Mar 2011 08:28:08 -0500,
wrote:

Surely you are not trying to let the so-called "Wall Street financial
community" off the hook for its major role in bringing down our
economy.

Assuming that you are talking about the recent collapse of the housing
market, the financial community was absolutely one of the major
facilitators. There's lots of blame to go around however, starting
with misguided government policy which got the whole thing rolling.
No one was complaining when the party was in full swing. People
will be writing books about it for a long time to come, just like the
great depression of the 1930s.



I'm talking about the on-going collusion between the wall street
banks, brokers, investment bankers, accounting firms, et cetera, and
corporations, and, of course, the collapse of the housing market.

Among other things, itt seems to be getting rarer and rarer to see a
CPA firm "quit" a client over accounting disputes. That means that the
CPA firms are in fear of losing their clients, not that they are doing
the tough job they should be doing.

About 10 years ago, a former client of mine got into a dispute with
its big accounting firm. After three months of arguing, the
accountants said they would have to put a fairly derogatory note in
the annual statement. There was a lot of pressure on both sides. The
CPAs ended up by resigning the account. The "new" CPAs were far more
compliant.

I'm sure any client who would use your services would also need a very
compliant CPA firm.

That is if you actually believe Harry's bull****.

I'm sure any client who would use your services would also need a very
compliant CPA firm.
That is if you actually believe Harry's bull****.
Has he ever given you cause to doubt his word? Besides, Paul would vouch
for him.

In article , says...

I'm sure any client who would use your services would also need a very
compliant CPA firm.
That is if you actually believe Harry's bull****.
Has he ever given you cause to doubt his word? Besides, Paul would vouch
for him.

He's been caught in so many lies it's just laughable! Oh, and Don's dumb
enough to vouch for him also!

On Tue, 01 Mar 2011 08:22:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 23:26:39 -0800, wrote:

On Tue, 01 Mar 2011 02:09:55 -0500, Wayne.B
wrote:

On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...

I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're claiming that there was no connection between Enron
manipulation and Wall Street?

http://www.forbes.com/2001/11/29/1129topnews.html

Enron borrowed from large money center banks before their fraud was
suspected and exposed. No crime there, just questionable risk
analysis on the part of the lenders who were mostly relying on audited
financial statements.

I guess you don't understand the word "connection"?

On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, HenryK wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.

On 3/1/11 1:11 PM, wrote:
On Tue, 01 Mar 2011 08:35:17 -0500, Wayne.B
wrote:

On Tue, 01 Mar 2011 08:12:59 -0500, wrote:

On 3/1/2011 2:09 AM, Wayne.B wrote:
On Mon, 28 Feb 2011 20:39:06 -0800, wrote:

Great... except for the part that the Wall Street price manipulators
play... I guess you don't remember Enron...
I remember it well. I also remember that Wall Street is located in
Manhattan. I worked there for many years and know the location well,
not to mention a few things about the industry. Enron, on the other
hand was headquartered in Houston, Texas - part of the energy
industry, the fraudulent part.

You're wasting your time spoonfeeding her Wayne. Case in point Anchoring.

Probably so but there are other people who also believe their lives
are controlled by some giant conspiracy. It's good to get the facts
out there once in a while.

With regard to anchoring, first you need a boat...

The problem with you is that you're sanctimonious. You have no
interest in actually having a discussion. When someone disagrees with
you, you tell them stop posting off topic. When you agree with
someone, you have no problem playing nice, as evidenced with this last
post.


You know the saying..."big boat, small dick..."

On 2/27/2011 10:05 PM, Harryk wrote:
On 2/27/11 10:01 PM, Wayne.B wrote:
On Sun, 27 Feb 2011 18:10:46 -0800, wrote:

On Sun, 27 Feb 2011 19:50:35 -0500, Wayne.B
wrote:

On Sun, 27 Feb 2011 15:16:48 -0800, wrote:

Corporations are beholden to their stockholders, not the customer.

Any business is a balancing act between customers, stockholders
(owners), and employees. On top of that, throw in the government,
general public, media and financial services just for good measure.

My advice? Become a stockholder. It's very satisfying to be a
stakeholder in a well run business.

It's also very satisfying to be a stakeholder in a gov't that does
something for people.

Government should be the service provider of last resort for things
that no one else can do. Anything else is socialism.


snerk

Corporatism uber alles.


HK likes government control because he has a chance of getting involved
in the control.

Getting control in a corporation, not going to happen for him.